Veeco Instruments-Who? Message Board

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Technology Stocks : Veeco Instruments-Who?

VECO 29.22

+4.1%

Nov 25 3:59 PM EST

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To: All Mtn Ski who wrote (2635)	1/17/2000 8:07:00 AM
From: Mark Ivan	Read Replies (1) of 3069

Tom, So you were the cause for the price drop in the latter half of the day.! Selling 1/2 is always a good idea. If the price goes up, you make more money. If the price goes down, you also feel good as you only lose 1/2 as much money and can throw more money in at the appropriate time. That is why I like Covered Calls so much, and use them often. If the price goes up, I make money on the stock. If it goes down, I make money on the option. If it stays the same (best case), I still make money on the option. I'll never hit it big, but I've given up on that 2 years ago. If you employ covered calls in a truly mechanized trading system, it takes out all the guesswork and emotion of the stock market (your two biggest enemies!) Mark

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